Elliott Wave Analysis: USDCAD Searching For A Temporary Bottom; Temporary Rally In View
USDCAD is still trading lower, opening the US session with a drop from recent wave 4 correction highs. As such final wave 5 looks to be in play, which could mean a bottom for wave 1) or A) may develop in sessions ahead. After wave 5 completes itself, a three wave rally will be expected to follow.
USDCAD, 1H
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